Kim & Chang attorney Samuel Yim participated in the Beyond Blocks Summit Seoul, held at the Shilla Hotel on July 17-18, 2018. He spoke on the panel titled “Government and ICO – Balance Between Regulation and Innovation.”

Emphasizing the need to align legislations and regulations in preparation for the era of blockchain, Mr. Yim suggested that “in order to embrace cryptocurrency, we need to renew existing laws and newly establish securities laws, banking laws, marketable securities laws, and their subordinate laws.” He also noted that “we may see increased stability in relevant laws [within the next] five years.”

The summit was the main event of Korea Blockchain Week 2018. More than 2,000 leading blockchain experts and developers, investors, and opinion leaders attended the event.